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Catterton Partners is buying out Restoration Hardware Inc., the home-goods retailer with a store in the private equity firm’s home base of Greenwich, as well as in Westport.
Less than two weeks after it was sued by an oil supplier for breach of contract, Norwalk-based Levco Tech Inc. has countersued, claiming the supplier failed to liquidate oil futures contracts it had bought on Levco’s behalf at prices between $2.82 and $4.34 a gallon, and failed to warn it of the scope of damages Levco could incur as prices fell below that range.
For $92.5 million, Willett Cos. has purchased a 75 percent stake in Milford (Conn.) Crossing Shopping Center, along with Ireland-based Parker Green, which has an office in New York City.
For the first time in seven years, W.R. Berkley Corp. posted a quarterly loss as the insurance company’s results were buffeted the troika of storms, declining investments and soft prices.
A Norwalk nonprofit enrolled its first patient in a clinical trial of a drug candidate to treat multiple myeloma, a cancer that attacks bone marrow cells that produce antibodies to fight disease.
Connecticut Attorney General Richard Blumenthal has sued reinsurance broker Guy Carpenter & Company L.L.C., claiming the company pocketed more than $80 million in illicit profits by arranging inflated insurance prices as much as 40 percent above the industry average.
Fruit of these vines is hardly the stuff of stag parties
Aug-12-07, 07:00 PM
UST Inc. uncorked a $185 million acquisition of Stag’s Leap Wine Cellars, a famed vineyard in Napa Valley that is credited with putting California wines on the world map.
A certified public accountant was charged with stealing $1.6 million from B. Schoenberg & Co. Inc., a recycler of plastics and resins based in Yorktown Heights.
Asked how his previous experience best prepared him for his second career, and Greg Ball responds it was the time he was stranded alone in the wilderness of the Rocky Mountains for a few days of survival training.
Despite the federal bailout of two massive mortgage companies, a Citizens Bank economist predicted that Fairfield County’s financial sector is only “halfway through this mess” as banks continue to write off underperforming loans.